What is the price for private childcare?
When it comes to the price of childcare, there are a few factors to consider. The first factor is whether you are looking for a live-in or live-out nanny. A live-in nanny typically earns a lower hourly rate, but they receive room and board as part of their compensation. A live-out nanny, on the other hand, will typically earn a higher hourly rate because they are responsible for their own living expenses.
In general, the hourly rate for a nanny starts at around £13-14 per hour and can go up to £15-16+ per hour in London. This is based on a net pay scale, which means that taxes and other deductions have already been taken out. The average weekly rate for a nanny can range from £550 to £800+.
If you are looking for a highly qualified nanny, such as a Norland nanny or a nanny with a CACHE Level 3-5 qualification or Montessori training, their salary expectations may be higher. These nannies typically have more experience and specialized training, so their salaries can range from £60K to £80K+ gross per annum, depending on their years of experience, flexibility, and the specific skills they can offer.
It’s important to keep in mind that the cost of childcare is an investment in your child’s well-being and development. While it can be expensive, hiring a qualified nanny can provide your child with a safe and nurturing environment, as well as support their learning and growth. If you’re unsure about the cost of hiring a nanny, it’s always a good idea to do some research and get advice from other parents or professional agencies to determine what is best for your family and budget.